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Fiscal policy, stabilization, and growth : prudence or abstinence? /

"Fiscal Policy, Stabilization, and Growth explores the conduct of fiscal policy in Latin America and its consequences for macroeconomic stability and long-term growth. In particular, the book highlights the procyclical and anti-investment biases embedded in the region's fiscal policies, ex...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Otros Autores: Perry, Guillermo, Serven, Luis, Suescun, Rodrigo
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : World Bank, ©2008.
Colección:Latin American development forum.
Temas:
Acceso en línea:Texto completo

MARC

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245 0 0 |a Fiscal policy, stabilization, and growth :  |b prudence or abstinence? /  |c edited by Guillermo E. Perry, Luis Serven, and Rodrigo Suescun. 
260 |a Washington, D.C. :  |b World Bank,  |c ©2008. 
300 |a 1 online resource (xx, 329 pages) :  |b illustrations 
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490 1 |a Latin American development forum series 
504 |a Includes bibliographical references and index. 
505 0 |a Overview: fiscal policy, economic fluctuations and growth / Guillermo Perry, Luis Serven, Rodrigo Suescun and Timothy Irwin -- Procyclical fiscal policy and volatility -- Fiscal discipline, volatility and growth / Antonio Fatas and Ilian Mihov -- The size and effectiveness of fiscal automatic stabilizers in Latin America / Rodrigo Suescun -- Fiscal federalism and procyclical spending: the cases of Argentina and Brazil / Federico Sturzenegger and Rogerio Werneck -- Fiscal rules and procyclicality / Guillermo Perry -- Fiscal policy and growth -- Fiscal discipline, public investment and growth / Luis Serven -- Incentives for public investment under fiscal rules / Jack Mintz and Michael Smart -- Improving the SGP through a proper accounting of public investment / Oliver Blanchard and Francesco Giavazzi -- Accrual accounting, long-term fiscal projections, and public investment / Timothy Irwin -- Growth and fiscal effects of infrastructure investment in Brazil / Pedro Cavalcanti Ferreira and Carlos Hamilton Vasconcelos Araujo. 
520 1 |a "Fiscal Policy, Stabilization, and Growth explores the conduct of fiscal policy in Latin America and its consequences for macroeconomic stability and long-term growth. In particular, the book highlights the procyclical and anti-investment biases embedded in the region's fiscal policies, explores their causes and macroeconomic consequences, and assesses their possible solutions."--Jacket 
520 |a This volume covers the conduct of fiscal policy in Latin America, and its consequences for macroeconomic stability and long-term growth. The volume's chapters examine different aspects of these problems, ranging from the purely economic to the institutional and political economy dimensions. The book is organized as follows. This chapter offers an integrated overview of the themes covered in the rest of the volume. The chapter guides the reader through the rest of the volume, but it has been written as a self-standing essay for the benefit of those readers who may not have the time to indulge in the details of every chapter. The rest of the volume is organized in two parts. The first part deals with the pro-cyclical bias of fiscal policy, and the second part with the anti-investment bias of fiscal discipline -- popularly (albeit somewhat confusingly) known as the fiscal space problem. The rest of this introductory chapter consists of four sections. Section II examines recent trends in fiscal policy in the region and introduces the two main themes of the book. Sections III and IV present an overview of the topics covered in the two parts of the book, as well as the conclusions of the corresponding chapters. Section V summarizes the implications for future fiscal analysis and policy management. -- Publisher description. 
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650 0 |a Finance, Public  |z Latin America. 
650 0 |a Economic stabilization  |z Latin America. 
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650 6 |a Politique fiscale  |z Amérique latine. 
650 6 |a Finances publiques  |z Amérique latine. 
650 6 |a Stabilisation économique  |z Amérique latine. 
651 6 |a Amérique latine  |x Politique économique. 
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650 7 |a Economic policy  |2 fast 
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700 1 |a Perry, Guillermo. 
700 1 |a Serven, Luis. 
700 1 |a Suescun, Rodrigo. 
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830 0 |a Latin American development forum. 
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